New Beloit-based VC fund receives investment from Badger Fund of Funds

Full Article by Ashley Smart: https://biztimes.com/new-beloit-based-vc-fund-receives-investment-from-badger-fund-of-funds/

A newly launched venture capital fund headquartered in Beloit has received a $2.4 million investment from the Badger Fund of Funds.

Mastercraft Ventures, led by fund manager Mason Cook, is the sixth venture capital fund to receive support from the Badger Fund.

In 2012, the state approved awarding the Badger Fund of Funds its first $25 million. The fund then raised another $10 million from the private sector. From there, the Badger Fund created five more venture capital funds across the state, including Gateway Capital Fund, the Winnow Fund, Rock River Capital Partners, the Idea Fund of La Crosse and the Winnebago Seed Fund.

“With Microsoft investing $3.3 billion dollars in Racine County, and the Hendricks family commitment to growing Beloit, now seemed like the ideal time for a Rock County venture fund focused on southern Wisconsin,” said Ken Johnson, Badger Fund managing director. “Mason Cook has spent the past year working with the Badger Fund team to develop the Mastercraft investment strategy.”